Commercial Land - For Sale
1225 West School Street Chicago, IL 60657
Details & Description
Price: $6,500,000
  • Property Type Land for Sale : Apartment Land
  • Lot Size Acres 0.957
  • Land Sq Ft 41,685
  • Land Price per Sq Ft $155.93
SVN Chicago Commercial is pleased to present the opportunity to acquire a premier development site located at 1225-39 W School St and 1234 W Melrose Ave in Chicago’s highly desirable Lakeview neighborhood. The 41,685 square foot irregular site has 224 square feet of frontage along West School St, 269 feet along the alley and 78 square feet along West Melrose Ave.The property is currently under a Planned Development. Plans were approved for a 28-Townhome development. The property is being sold As-Is subject to existing environmental issues. Environmental reports and information are available upon request.HighlightsPrime Lakeview LocationDevelopment Site 41,685 SqFtBurley School District
Listing Agents
Jeffrey Baasch

O: 312-676-1873
M: 312-286-0141
Jeffrey.baasch@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1225 West School Street

Chicago, IL 60657

Listing ID: 219490
$6,500,000
For Sale
  • Property Type Land for Sale : Apartment Land
  • Lot Size Acres 0.957
  • Land Sq Ft 41,685
  • Land Price per Sq Ft $155.93
  • 1225 West School Street Chicago, IL 60657 | for Sale | Photo 1
  • 1225 West School Street Chicago, IL 60657 | for Sale | Photo 2
  • 1225 West School Street Chicago, IL 60657 | for Sale | Photo 3
1225 West School Street | for Sale | Thumbnail 1
1225 West School Street | for Sale | Thumbnail 2
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Description

SVN Chicago Commercial is pleased to present the opportunity to acquire a premier development site located at 1225-39 W School St and 1234 W Melrose Ave in Chicago’s highly desirable Lakeview neighborhood. The 41,685 square foot irregular site has 224 square feet of frontage along West School St, 269 feet along the alley and 78 square feet along West Melrose Ave.

The property is currently under a Planned Development. Plans were approved for a 28-Townhome development. The property is being sold As-Is subject to existing environmental issues. Environmental reports and information are available upon request.

Highlights

Prime Lakeview Location

Development Site 41,685 SqFt

Burley School District

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Chicago History of Commercial Land for Sale

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Chicago Area Market Trends

Listing Demographics for 1225 West School Street Chicago, IL 60657

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population97,129502,5311,153,899
Population Median Age333637
Population by Age0-9 Yrs9419 (9%)48388 (9%)115725 (10%)
10-19 Yrs4576 (4%)29785 (5%)95472 (8%)
20-29 Yrs31506 (32%)125847 (25%)253036 (21%)
30-39 Yrs24478 (25%)119801 (23%)246738 (21%)
40-49 Yrs10218 (10%)61649 (12%)142810 (12%)
50-59 Yrs7774 (8%)46471 (9%)120214 (10%)
60-69 Yrs5208 (5%)36509 (7%)98206 (8%)
70+ Yrs3951 (4%)34081 (6%)81699 (7%)
Median HH Income$103,495$89,340$79,835
Total Household Income< 24K5058 (10%)34515 (14%)88887 (17%)
25-49K5927 (12%)34345 (14%)83428 (16%)
50-74K6615 (13%)34736 (14%)75950 (14%)
75-99K5441 (11%)29652 (12%)60890 (11%)
100-199K13537 (28%)65796 (27%)132248 (25%)
200K+10789 (22%)42168 (17%)78688 (15%)
Highest Education LevelNo Diploma17412268283280
Diploma or GED358838155115028
Some College524939208103382
Assoc. Degree20751472937028
Bachelors Degree34459158703294452
Higher Degree23861110007217499
Total Housing Units51,318264,224583,037
--Owner-Occupied19,40798,284210,805
--Renter-Occupied27,960142,927309,286
Owner-Occupied Values< 100K30722137955
100-199K1379888326129
200-299K24251658142000
300-399K25361657137897
400-499K28541393727417
500K+99064009969408
Total Working Age Population84,476434,963985,983
In Work Force71,901341,890727,608
Not In Work Force12,57593,073258,376
Workforce Employed69,957330,926695,257
Workforce Unemployed1,94310,88832,084
Civlian Workforce71,900341,814727,340
Military Workforce177267
Total Households47,367241,211520,091
Family Households16,77193,513225,606
Non-Family Households30,596147,699294,486
Married Couple14,34975,114168,562
Other Family2,42218,39957,044
Married w/Child6,44930,53764,049
Single Male w/Child3232,0306,238
Single Female w/Child7545,85218,498

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243

Total Working Age Population:

Total Households:

Total Working Age Population:

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Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Closest Commercial Airports
Airport Distance (mi)
Chicago Midway International Airport (MDW) 12
Chicago O'Hare International Airport (ORD) 13
General Mitchell International Airport (MKE) 71
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